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For the full year of 2018, JD.com reported net revenues of RMB462.0bn (US$67.2bn), representing a 27.5% increase from the full year of 2017.

Expanding customer and merchant base

Net revenues1for the fourth quarter of 2018 were RMB134.8bn (US$219.6bn), an increase of 22.4% from the fourth quarter of 2017. JD.com’s sales are seasonally high in the fourth quarter due to promotions surrounding Double 11, or Singles' Day.

Annual active customer accounts have increased to 305.3m by December 31, 2018 from 292.5m in the twelve months ended December 31, 2017. Quarterly active customer accounts in the fourth quarter of 2018, also have grown by 20%, compared to the same period in 2017.

JD.com also had over 210,000 merchants on its online marketplace as of December 31, 2018.

Enhancing supply chain capabilities

JD.com has expanded its leadership position in fulfillment capabilities among China’s ecommerce companies. JD.com operates over 550 warehouses covering an aggregate gross floor area of approximately 12m sq m in China.

JD.com’s joint venture, Dada-JD Daojia, has partnered with more than 100,000 stores from leading supermarkets including Walmart, Yonghui, Carrefour and CR Vanguard. Dada’s crowd-sourcing delivery network is covering more than 450 cities.

Focus on 2019

JD.com also reveal that net revenues for the first quarter of 2019 are expected grow between 18% and 22% compared with the first quarter of 2018.

Chief Executive Richard Liu said the company will focus on expanding into smaller Chinese cities in 2019, and driving investments in offline retail technology and logistics.

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Chinese ecommerce giant JD.com is partnering with Rakuten on delivery in Japan. JD.com's drones will become a part of Rakuten's own unmanned delivery services.

JD.com's drones

JD.com has been developing and operating drones in China for a few years. It has been expanding in other Asian countries, such as Indonesia, where JD.com completed its first government approved drone flight. Its unmanned delivery vehicles also include driverless trucks.

Rakuten strengthening last-mile delivery

Since 2016, Rakuten has been offering drone delivery in Japan. It said that working with JD.com will “accelerate the development and commercialization” of its autonomous last-mile delivery efforts.

 

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The retailer completed Indonesia’s first government approved drone flight, a breakthrough for drone delivery in Southeast Asia.

Providing access to rural areas

The test flight took place on 8th January 2019, in West Java, Indonesia. It is a joint project between JD.com, the World Economic Forum (WEF) and the Indonesian government. The news of JD.com’s breakthrough was announced at the WEF’s annual meeting.

The drone delivered backpacks and books to MIS Nurul Falah Leles Elementary School in Jagabita Village, Parung Panjang, Indonesia.

Villages like Jagabita are typically difficult to reach using conventional on-the-ground transportations because of the treacherous road conditions. Drone technology provides an effective and efficient means to reach these villages for the first time.


Source: JD.com

Having a profound impact

JD.com has been using drones for deliveries in rural areas of China for over two years. “We have seen the profound impact that the technology can have on people’s lives around the country,” said Jon Liao, Chief Strategy Officer at JD.com.

Indonesia has 17,000 islands, where drone technology has potential to make a much bigger impact.

This trial represents the first government approved drone delivery operation in Indonesian history,” said Timothy Reuter, Head of Drones and Tomorrow’s Airspace at the WEF. “These tests are an opportunity for Indonesia to become a leader in the Southeast Asia region by leveraging drone delivery to improve access to vital medical, humanitarian, and commercial goods in remote areas.”

JD.com and WEF will work together on drone projects in Indonesia and Southeast Asia.

This test flight is only the beginning.

 

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JD.com's driverless delivery vehicles have been deployed in two cities in China.

Autonomous logistic capabilities

The company opened two smart delivery stations in Changsha and Hohhot for this operation. The unmanned vehicles can carry 30 items and deliver them within a 5km radius. The vehicles are capable of planning routes, avoiding obstacles and recognising traffic lights.

Facial recognition technology is used to enable customers to open the lockers and retrieve their parcels.

The two delivery stations, operating with a half-half split between robots and human couriers, can deliver up to 2,000 packages a day.

The race is on

Autonomous driving is an amalgamation of the latest technologies, including 5G and new energy such as electricity and biofuel.

At a global level, the race is on between Chinese companies competing with US tech giants like Uber Technologies, Google’s Waymo and Tesla’s Semi, which have collectively invested billions to have a stake in the future of transport technology.

A dozen Chinese players are currently developing self-driving vehicles, ranging from start-ups to big retailers like Sunning.

JD.com is well positioned in this race due to its well developed network, which covers 99% of China’s population.

 

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